Waddell & Reed
3.0 of 5 136 reviews
www.waddell.com Overland Park, KS 1000 to 5000 Employees

Waddell & Reed Reviews

Updated Apr 15, 2014

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3.0 136 reviews

                             

74% Approve of the CEO

Waddell & Reed President, CEO, and Director Hank Herrmann

Hank Herrmann

(86 ratings)

41% of employees recommend this company to a friend
136 Employee Reviews
in

Review Highlights

Pros:
  • "Great resources to some of the best mutual funds in the industry"
    in 20 reviews
  • "Has taught me a lot about the ways of the financial planning industry"
    in 7 reviews
Cons:
  • "Many new hires were encouraged to work with family and friends, and then disappeared"
    in 7 reviews
  • "they were only hiring for financial advisor so i did not get offered a position at the end of the internship"
    in 8 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Growing Fast

Anonymous Employee (Current Employee)
Overland Park, KS

I have been working at Waddell & Reed full-time for more than a year

ProsTons of upward mobility for this fast growing firm, across many business divisions within the financial services industry.

ConsTenured employees under performing in jobs they take for granted.

Advice to Senior ManagementReward performance versus tenure

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Very pleasant internship

Human Resources Intern (Former Employee)
Pittsburgh, PA

I worked at Waddell & Reed as an intern for less than a year

Proslearned a great deal about human resources. didn't make coffee or anything like that. Seems like a great company to work for.

Consthey were only hiring for financial advisor so i did not get offered a position at the end of the internship. everything else was fine

Yes, I would recommend this company to a friend

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1 person found this helpful  

Entrepreneurial opportunity w/support

Financial Advisor (Current Employee)

I have been working at Waddell & Reed full-time for more than a year

ProsRespectable company that has been around a long time
Organized training system
Reasonable minimums to stay in good standing
Freedom to own my book of business
Much higher advisor payout than industry average

ConsNot a W-2 position with base salary and expense account
Technology could be better
Low initial draw

Advice to Senior ManagementUpgrade technology and do more branding for W&R Advisors...not just Ivy Funds.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Excellent work environment

Anonymous Employee (Current Employee)
Allen, TX

I have been working at Waddell & Reed part-time for more than 5 years

ProsAccess to great coworkers and learning new items

ConsNone it is a great place to work for

Advice to Senior ManagementNone

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Review

Financial Analyst (Current Employee)
Annapolis, MD

I have been working at Waddell & Reed full-time for more than a year

ProsTraining very good, happy with approach

Cons100% commission is a great disadvantage

Advice to Senior ManagementBe honest to your employees

Yes, I would recommend this company to a friend

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Best experience for employment in this market

Financial Advisor Trainee (Current Employee)
Virginia Beach, VA

I have been working at Waddell & Reed full-time for less than a year

ProsTraining is not overpowering and very helpful; excellent Friday AM case prep meetings; great people in office; very nice senior advisors which is rare; very flexible and reasonable work environment; happy place to work

Conscubicles but at least I don't pay rent costs

Advice to Senior Managementcontinue the great support- you really are an "Agent's Manager"

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great place to work!

Senior\OSJ Specialist (Former Employee)

I worked at Waddell & Reed full-time for more than a year

ProsFlexible work hours. Work/life balance..

ConsLower than average pay. Health insurance coverage is not very good.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Enlightening and life changing

Financial Advisor (Former Employee)
Topeka, KS

I worked at Waddell & Reed

ProsBrand recognition and established business facilitated initial entry into the business. Superior products, a broad array of financial solutions from third parties greatly reduced competition. Great people, great education.

ConsI was very new to the business and failed to negotiate any favorable terms where I worked with someone who was well established. I was also deployed overseas with the military months after starting.

Yes, I would recommend this company to a friend

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This is a friends and family oriented type of business where everyone usually knows someone else there

Anonymous Employee (Current Employee)

I have been working at Waddell & Reed

ProsThere are nice people you work for and work with. They work with your personal life whenever they can.

ConsUsually on the lower side of the pay scale.

Advice to Senior ManagementA wider scale of training would be beneficial. Showing both sides of how the company operates and how the industry operates.

Yes, I would recommend this company to a friend

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Excellent opportunity for self disciplined individual

Financial Advisor (Current Employee)
Minneapolis, MN

I have been working at Waddell & Reed

Prosexcellent money management and guidance.

Consnot for someone who's not entrpreneurial and self motivated

Advice to Senior Managementprovide greater sales training

Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Waddell & Reed reviews and ratings — including employee satisfaction and approval rating for Waddell & Reed CEO Hank Herrmann. All 136 reviews posted anonymously by Waddell & Reed employees.